Taxes General Forum

Divorced tax payers filing IRS OIC

Can anyone provide guidance as this is a first for me. Two recently divorced tax payers whom filed MFJ and owe back tax...

4 comments posted 13yrs

posted by tfallis63

4 comments posted 13yrs posted by tfallis63

Avoiding Self employment tax penalty

I had no SE income in 2011. In 2012, I have some only in the 4th quarter. It will result in over $1000 in SE tax. Do I...

6 comments posted 13yrs

posted by mjc606

6 comments posted 13yrs posted by mjc606

3 questions re. subtleties in determining one's LT capital gains rate

I have 3 questions regarding the tax tables for capital gains. I just wanted to get a "bird's eye" view for tax plannin...

6 comments posted 13yrs

posted by akatayama

6 comments posted 13yrs posted by akatayama

how to handle defunct LLCs?

Now that we have a feel for the general case in which LLC members are not personally liable for LLC fees, what would be...

4 comments posted 13yrs

posted by PicoRico

4 comments posted 13yrs posted by PicoRico

Taking a loan to purchase an interest in a LLC

The company I work for is going to loan me money so I can purchase an equity stake. Is the interest expense I incur full...

3 comments posted 13yrs

posted by zinn.kk

3 comments posted 13yrs posted by zinn.kk

Medical Insurance Checks: Made Out To Who ?

Hello, For some time now, I have been paying my son's Blue Cross medical insurance totally as he has been out of work f...

4 comments posted 13yrs

posted by rgsros

4 comments posted 13yrs posted by rgsros

Owners of Real Estate & The 3.8% NIIT

Peter Reilly has a very good article (not too geeky) in Forbes that explains which owners of real estate may or may not...

2 comments posted 13yrs

posted by tempuser

2 comments posted 13yrs posted by tempuser

IRS preparer registration rules for doing a return for free for non-relatives?

I know all paid preparers now have to register, take a test, classes, etc. But what about someone who does a few return...

1 comments posted 13yrs

posted by lmechanic

1 comments posted 13yrs posted by lmechanic

Guaranteed Minimum Payments to wife in a husband-wife partnership to save on Social Security tax - permissable?

Okay, For the first time I have a partnership as a client, both for business and personal tax preparation. It is a husb...

4 comments posted 13yrs

posted by caj11

4 comments posted 13yrs posted by caj11

Additional Medicare Tax (.9%) Proposed Regs Are Out

https://www.federalregister.gov/articles/2012/12/05/2012-29237/rules-relating-to-additional-medicare-tax or http://goo.g...

1 comments posted 13yrs

posted by tempuser

1 comments posted 13yrs posted by tempuser

Personal Liability for Franchise Tax

This concerns liability for California Franchise tax - People set up a California LLC, try to set up a business but it'...

21 comments posted 13yrs

posted by spamtrap

21 comments posted 13yrs posted by spamtrap

What value placed on transfer of stock

This is a little complicated. Forty years ago I purchased AT&T stock under the employees stock purchase plan. The stock...

12 comments posted 13yrs

posted by hrhofmann

12 comments posted 13yrs posted by hrhofmann

capital loss carry forward to 2013?

I expect to have some capital losses this year. Obviously no one here is psychic, but is there any reason to think they...

1 comments posted 13yrs

posted by *

1 comments posted 13yrs posted by *

Deduction for donation of goods

A year ago, I stock up on too much printing paper; so I decided to donate some of them to a senior center. What is the...

8 comments posted 13yrs

posted by mirss7c1001

8 comments posted 13yrs posted by mirss7c1001

When does the holding period starts -- for a stock acquired by exercising a call option?

I bought a call option on stock xyz on 11/1/2010. On 12/1/2012, I exercise the call option to buy the stock. The call p...

2 comments posted 13yrs

posted by mirss7c1001

2 comments posted 13yrs posted by mirss7c1001